Unaudited pro forma combined financial statements as of March 31, 2015 and the year ended December 31, 2014Qiwi • December 22nd, 2015 • Services-business services, nec
On May 14, 2015, QIWI plc (“QIWI” or the “Company”) entered into the Subscription Agreement in Respect of Shares in QIWI plc (the “Subscription Agreement”) with Otkritie Investment Cyprus Limited (“Otkritie”) to acquire 100% ownership of the Contact money transfer system (“Contact”) and the Rapida payment processing system (“Rapida”) by acquiring all of the outstanding interests in CIHRUS LLC (“CIHRUS”), the holding company that held those two businesses. Under the terms of the Subscription Agreement, QIWI agreed to issue 5,593,041 class B shares to Otkritie in exchange for all of the outstanding interests in CIHRUS in two separate closings.
